Administrator to be appointed

In force

(1)

STC may exercise its function of administering an STC scheme only by entering into a contract or an arrangement under section 53 with a person (a scheme administrator) who undertakes to provide superannuation scheme administration services for the scheme on behalf of STC.

(2)

STC must ensure that the scheme administrator operates within the powers of STC and complies with the policies determined by STC.

(3) –(7)

(Repealed)

This Act’s bill:Explanatory memorandum Second reading speech

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64 Administrator to be appointed